USD/KRW : US Dollar / South Korean Won

USD/KRW rose by 0.11% on Friday October 24, trading at 1,438.42 with a weekly gain of 1.21% and monthly gain of 2.38%. This is the highest since April 2025. South Korea's inflation rate rose to 2.1% in September, driven by increased food and services costs which may pressure the Bank of Korea to maintain higher interest rates, potentially strengthening the Won against the US Dollar. The Bank of Korea held its benchmark interest rate at 2.5%, signaling caution on real estate and exchange rates but also hinting at possible future cuts, creating mixed signals for USD/KRW. A September trade surplus of USD 9.56 billion, the largest since September 2018, driven by robust semiconductor exports, indicates strong economic performance that could support the Won and weaken USD/KRW. Its 52-week high was 1,487.18, while its 52-week low was 1,347.78.

5 Days 1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years 10 Years
1.21% 2.38% 4.77% 0.52% -2.69% 4.30% 10.51% 29.67% 24.04%